HeadlinesSBP injects Rs5.6trn into market through reverse repo and Modarabah OMOs
Rs5.5 trillion were injected through reverse repo and Rs200 billion through Modarabah OMOs
Dec 16, 2023
News Desk
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HeadlinesPakistan’s agriculture credit disbursements grow 25% YoY
The SBP governor urges the banking sector to increase outreach and penetration to the agri sector, which is vital for the country’s socioeconomic development
Dec 15, 2023
HeadlinesIMF proposes reduction in tax slabs, faces resistance from salaried class
The proposal by a technical mission of the Monetary Fund aims at more than doubling tax collection from individuals and businesses
Dec 15, 2023
HeadlinesTextile exporters concerned over high wheeling charges, fear market loss
A tariff hike from 9 cents per unit to 14 cents per unit resulted in decreased power consumption by textile sector, causing substantial losses for the power sector
Dec 15, 2023
HeadlinesPresidential ordinance ends role of high courts in privatisation matters
Alvi issues a new ordinance to create a Privatisation Appellate Tribunal to avoid unnecessary delays in selling state assets and settle disputes quickly
Dec 15, 2023
HeadlinesSIFC approves business-friendly visa facility to boost foreign investment
The Executive Committee of the Special Investment Facilitation Council acknowledges progress in various sectors and economic ties with friendly nations
Dec 15, 2023
World Business NewsIMF chief stresses regulatory measures for mitigating cryptocurrency risks
The intention behind regulations is not to stifle innovation but to provide guidance and spur responsible innovation, Kristalina Georgieva clarifies
Dec 14, 2023
HeadlinesSearle gets approval for Pakistan's first locally manufactured biosimilar drug
ADALIMUMAB is developed in collaboration with Chinese BioRay Biopharmaceuticals Co. Limited and will be introduced within 3.6 months
Dec 14, 2023
HeadlinesService Industries announces restructuring plans for Tyres & Tubes segment
Following the demergers, SRVI will retain ownership and operation of the remaining businesses, including its footwear unit and investments
Dec 14, 2023
HeadlinesThar coal power project attains $2bn financial milestone
The project boasts being the second-cheapest power project in terms of fuel cost, standing at Rs4.98/kWh
Dec 14, 2023
HeadlinesADB anticipates inflation relief in Pakistan through monetary measures
The region's inflation outlook for the current year has been adjusted to 3.5 percent, down from the previous projection of 3.6 percent
Dec 14, 2023
HeadlinesFitch maintains Pakistan's 'CCC' rating, cautions high external funding risks, political volatility
The credit rating agency forecasts a current account deficit of about $2 billion in FY24, in line with FY23, driven by contractionary fiscal policies, lower commodity prices, and limited foreign exchange availability
Dec 13, 2023